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Defense budgets 101: The truth about military spending
 

Defense budgets 101: The truth about military spending

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Because budget negotiations failed, America's men and women will suffer nearly $500 billion in cuts over the next decade -- in addition to $889 billion in already approved reductions -- unless ...

Because budget negotiations failed, America's men and women will suffer nearly $500 billion in cuts over the next decade -- in addition to $889 billion in already approved reductions -- unless Congress acts bu January 2.

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  • U.S. Navy photo by Mass Communication Specialist 1st Class Peter D. Lawlor
  • Photo courtesy U.S. Department of Defense (via Flickr)Source: Heritage Foundation:http://www.heritage.org/federalbudget/budget-control-act.
  • Source: http://www.whitehouse.gov/omb/budget/Historicals
  • Sources: http://comptroller.defense.gov/defbudget/fy2013/fy2013_OM_Overview.pdf, http://comptroller.defense.gov/defbudget/fy2013/fy2013_c1.pdf, http://comptroller.defense.gov/defbudget/fy2013/budget_justification/pdfs/01_Operation_and_Maintenance/O_M_VOL_1_PARTS/O_M_VOL_1_BASE_PARTS/DoDDE_OP-5.pdf
  • U.S. Navy photo by Mass Communication Specialist 2nd Class Daniel BarkerSources: http://comptroller.defense.gov/defbudget/fy2013/fy2013_OM_Overview.pdf, http://comptroller.defense.gov/defbudget/fy2013/fy2013_c1.pdf, http://comptroller.defense.gov/defbudget/fy2013/budget_justification/pdfs/01_Operation_and_Maintenance/O_M_VOL_1_PARTS/O_M_VOL_1_BASE_PARTS/DoDDE_OP-5.pdf
  • Photo by U.S. Department of Defense

Defense budgets 101: The truth about military spending Defense budgets 101: The truth about military spending Presentation Transcript

  • Defense budgets101: The truthabout militaryspendingTo incentivize a long-termdebt reduction deal,members of Congress lastyear set up painfulmandatory cuts calledsequestration.Because budgetnegotiations failed,America’s men and womenin uniform will suffernearly $500 billion in cutsover the next decade – inaddition to $889 billion inalready approvedreductions – unlessCongress acts by Jan. 2.
  • GUNS VS. BUTTERMany believe that cutting defense will provide a solution to ballooning debt anddeficits. But defense isn’t the source of the problem – entitlements are. Nonetheless,under sequestration, major entitlements comprise only 15% of the cuts while 43% ofcuts come from the military’s budget.
  • It has become popular to use charts like this to argue that defense spending is really growing…Source: Office of Management and Budget; Department of Defense; Congressional Budget Office; CRS Report RL33110. Data Note: War funding accounts formilitary and Overseas Contingency Operations (OCO). Produced by Veronique de Rugy, Mercatus Center at George Mason University.
  • THE HUMAN COST OF DEFENSE CUTSWhat does the defense budget buy? It’s not all about wars and weapons. It’s aboutpeople and families. Half of spending -- $254.6 billion – in the defense budgetpays for personnel expenses in the form of salary, allowances, benefits, andretirement.That is opposed to $257.9 billion spent in fiscal year 2012 on operations,procurement, and research and development combined. 19% People 13% 50% Operations Research and 18% Development Procurement
  • PAYING IT FORWARDCosts include $135.1 billion for military personnel pay, allowances and retirement; $76.5 billion forcivilian personnel pay and benefits; $31.4 billion for the Defense Health Program; and $9.7 billion for theMedicare-Eligible Retiree Health Care Fund. The fiscal year 2013 budget also calls for $853.6 million forhousing and $2.74 billion for the Department of Defense Dependents Education, which operates alleducation for military families around the world.
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